On 9 October 2017, the Public Investment Fund, announced the establishment of a new investment vehicle specifically targeted to the local SMEs operating within the Saudi jurisdiction. Specifically, this vehicle aims to provide Saudi SMEs with capital access via conducting investments in the form of venture capital and private equity funding structures.

In official announcements made by the Public Investment Fund, it is stated that this vehicle is aligned with the Saudi Vision 2030 whose aim it is to reduce Saudi Arabia's dependence on oil, diversify the economy, develop public service sectors and facilitate the growth of SMEs.

The total financial amount to be invested by the Public Investment Fund in this vehicle is SR 4 billion (USD 1.07).

In 2016, the SME contribution to the USD 646.4 billion GDP of Saudi Arabia, was 20%.

The Public Investment Fund is funded in 1971, as a state-owned sovereign wealth fund which core aim is to invest funds on behalf of the Government of the Saudi Arabia.

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.